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"Top 5 global hybrid markets" based on vehicle registrations January – December 2007.

and "Top 5 US hybrid markets" based on vehicle registrations January – December 2007.

Now that Eliot Spitzer is back on the job market, he might consider a new stint as hybrid promotion spokesman. The story of Spitzer cleaning up corruption on Wall Street only to fall prey to his own character weaknesses resembles developments in the hybrid market, which remains flat based on the auto industry’s failure to deliver more hybrids just when car buyers are most ready to go green. Sales of hybrids in February 2008 showed no growth compared to January 2008, and declined by more than five percent compared to one year ago.

More importantly, the hybrid market continues to be composed of the vehicles introduced in the earliest period of hybrid growth: Toyota Prius, Honda Civic Hybrid, Ford Escape Hybrid, Toyota Highlander Hybrid, and Lexus RX 400h. Toyota has not yet redesigned the Prius, more than five years after the introduction of the second generation model. Toyota recently reiterated its commitment to offer hybrid offerings of all its models, but the timing for the company’s next hybrid introduction is still unknown. In the past year, Honda has reduced its number of hybrid offerings from three to one. Ford has long ago backed away from its hybrid pledges. And GM has rolled out impressive marketing campaigns for hybrids and other “gas-friendly” models, but February sales of the Saturn Vue Green Line and Saturn Aura Green Line were 30 units. (That’s no typo: three-oh units.)

Sales of luxury hybrid sedans from Lexus were negligible, and General Motors is not reporting sales for the Chevrolet Tahoe or GMC Yukon Hybrids or the Chevrolet Malibu Hybrid.

Nissan increased sales of the Altima Hybrid by nearly 12 percent compared to January and more than doubled sales compared to one year ago. Those sales amounted to only 529 units, because the Altima Hybrid is only available in eight states. With that growth, and sales of the Camry Hybrid on a solid ground, the availability of a high-mpg popular family sedan seems like a safe play.

The scandal—considering how eager automakers are to lift sales in a declining market—is the lack of new hybrids on the market. That left the market essentially flat in February and may represent a huge missed opportunity for March, considering that oil prices have climbed well past $100 per barrel and $4 gas is right around the corner. Eliot Spitzer is back on the job market. Carmakers looking for a spokesman to promote hybrids couldn’t find somebody with skills and qualifications better suited to that task.

US Sales

Our information is based on hybrid sales as reported by the manufacturers. For each model, this month’s sales are shown compared to sales in the previous month and at the same time last year. We also examine hybrid market share by model and manufacturer. The historical sales graph for top-selling hybrid models shows final 2007 volumes.

U.S. hybrid sales for February 2008 by manufacturer and model

U.S. hybrid market historical sales (1999 – 2007)

Regional Data

Source: R. L. Polk & Co.

Curious where hybrid buyers live? We present the data in two ways. First, we list the 15 cities and states that boast the largest numbers of new hybrids on their roads within the past year. For example, residents in the New York City area put over 19,000 new hybrids on the road in 2007. Second, we adjust for population and look at hybrids per person (in states) or per household (in metro areas). This lets us include cities like Portland, OR: a city that has fewer overall vehicles (and thus fewer hybrids) but has more hybrids per capita than anywhere else.

Looking Ahead

The rise in gas prices will almost certainly produce significant gains in hybrids sales in March. Expect the market share for various models, and the carmakers, to remain unchanged, but the numbers should go way up. As stated above, there are no new hybrid model introductions to take full advantage of the shift toward efficiency, although we can expect small cars to be big. And the model which could really clean up—Honda’s new global hybrid, aimed at making hybrids affordable with a price tag probably below $20,000—is more than year away.

While not making as massive of jumps as it did in 2012-2013 year-over-year monthly sales, Nissan nonetheless

Jeff

There are two things going on right now that contribute to slow sales.

1. Economy is a bit squirrelly due to all the ivy league blue bloods screwing up and thinking they know how to make money where there isn’t any.

2. Toyota and every other car maker have been announcing that they will be introducing even more efficient cars soon. So why buy now when you can wait a few more months and get 10 or 20 more mpg?

With all electric looking like the future for most commuter cars the auto market will start looking more like the electronics market. Wait a year and you will get more for your money as technology improves.

So unless you need a new car now why buy. Last year was a bit different as Prius prices were taking a big drop and sub-prime loans were everywhere.

Old Man Crowder

Spitzer would be perfect in those Prius ads we saw a few days back…

“…At least he drives a Prius!”

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